Intel To Buy Infineon’s Wireless Division

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Hot on the heels of a controversial purchase of McAfee two weeks ago, Intel in Santa Clara said today that it has agreed to buy the wireless services business of Neubiberg, Germany-based Infineon for $1.4 billion. The Infineon division, a rival of San Diego’s Qualcomm, makes 2G and 3G cellular chips and “complements Intel’s existing assets and enables growth in mobile computing, smartphones and embedded computing,” in the words of an announcement.

Wade Roush is the producer and host of the podcast Soonish and a contributing editor at Xconomy. Follow @soonishpodcast